Mozambique

The LNG project includes development of offshore gas fields in Mozambique’s Area 1 and a liquefaction plant with a capacity in excess of 12 mtpa. The gas turbines are slated for delivery in 2H 2021 and 1H 2022, and the compressors are expected in 2021.

Total Chief Executive Officer Patrick Pouyanne called on European nations to help Mozambique fight an insurgency, backed by Islamic State, in part of the East African nation where the energy company is developing a natural gas project.

The Mozambique LNG project expects to achieve financial close in Q3.

Construction on Mozambique LNG stopped in April due to COVID-19, but Total continues work on the project even amid a $12 Billion shortfall. Financing for the Mozambique LNG project follows engineering contracts awarded by Total in the past few months.

The W-Industries contract comes 2 months after Worley was awarded a master service agreement for services on the Mozambique LNG project.

The Rovuma LNG project in Mozambique was expected to reach FID later this year, with startup in 2025.

The stabilization and economic development of Mozambique’s northernmost province of Cabo Delgado requires approaches that build community capacity and restore trust not only in the government and its public service delivery mechanisms but also in the oil and gas corporations investing in the region.

The Eni-operated project will be the first FLNG vessel deployed in a deepwater field offshore the African continent upon its projected 2022 startup. Samsung Heavy Industries completed the operation at its shipyard in Geoje, South Korea.

Driven by Mozambique’s Area 1 and Area 4 projects, Africa is poised to become the dominant LNG investment destination by the end of this year, with the continent seeing nearly one-third of total greenfield investment.

The $20-billion FID is the largest ever for a sub-Saharan oil and gas project. The project’s location on the African east coast puts it in optimal position to sell LNG to the lucrative Asian market.